Retail in Asia

In Trends

Despite 22pc increase in net sales, Amazon reports USD7m loss in Q2

Amazon.com Inc. reported a 22 percent net sales of USD15.70 billion in the second quarter of 2013 ended 30 June, up 22 percent compared to the same period a year ago. However, net loss was pegged at USD7 million or USD0.02 per diluted share, compared with net income of USD7 million, or USD0.01 per diluted share.

The company said operating income decreased 26 percent to $79 million in the second quarter, compared with USD107 million in second quarter 2012.

Jeff Bezos, founder and CEO of Amazon.com, said the top 10 selling items on Amazon worldwide were all digital products – Kindles, Kindle Fire HDs, accessories and digital content.

“The Kindle service keeps getting better. The Kindle Store now offers millions of titles including more than 350,000 exclusives that you won’t find anywhere else. Prime Instant Video has surpassed 40,000 titles, including many premium exclusives like Downton Abbey and Under the Dome," he said.

The Amazon Appstore is now available in nearly 200 countries and customers can now use Amazon Coins to purchase apps, games and in-app items in the Amazon Appstore and on Kindle Fire.

In the third quarter, Amazon said net sales are expected to be between USD15.45 billion and USD17.15 billion, or to grow between 12 and 24 percent compared with third quarter 2012.